Analysts maintain 'buy' call on SpiceJet despite loss in Q2; here's why

ICICI Securities remains positive on the stock considering the overall low capacity growth in Indian airlines & expected improvement in operations over the next two years with better cost management

SpiceJet tumbled up to 7 per cent at Rs 105.8, also its 7-month low, on the BSE on Thursday after the budget carrier's loss widened in the September quarter at Rs 462 crore on the back of higher costs during a seasonally weak quarter.

"The net loss of Rs 462.58 crore in the latest September quarter was mainly on account of inflated costs with respect to MAX grounding and a seasonally weak quarter," the airline said in a statement. The figure includes a loss of Rs 180.3 crore on account of accounting standard Ind AS 116, it added.

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